CBI REGISTERS A CASE AGAINST A PRIVATE COMPANY & OTHERS INCLUDING MD/DIRECTOR IN AN ALLEGED BANK FRAUD, AND CONDUCTS SEARCHES


 

Press Release
New Delhi, 22.08.2020

The Central Bureau of Investigation has registered a case against a Private (Borrower) Company based at Morena (Madhya Pradesh) and others including MD, Promoter/Director of said company & unknown others on a complaint from SBI regarding bank fraud of Rs. 938.81 crore (approx).

It was alleged that the findings of the forensic audit indicated that the financials of company while applying for loan facilities were inflated. It was further alleged that the loan amount was misappropriated through fraudulent diversion.

Searches are being conducted today in Morena & Delhi at the premises of the accused.

Investigation is continuing.

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